Stanchart, Airtel partner to improve services

STANDARD Chartered Bank Zambia has partnered with Airtel Mobile Commerce Zambia Limited to launch its Straight2Bank wallet platform aimed at accelerating access to financial services.
Under the collaboration, Standard Chartered corporate clients will conduct cashless transactions to banked and unbanked individuals using the Straight2Bank wallet platform.
“The collaboration will help increase access to financial services in Zambia where more than 60 percent of the population remain unbanked and the number of mobile money accounts has exceeded bank accounts”.
“Beneficiaries such as aid workers, trainers, policy-holders and farmers will receive the funds electronically in their Airtel money mobile wallets,” reads a statement issued by Standard Chartered Bank yesterday.
Zambia joins countries such as Kenya and Nigeria that have launched the platform with Uganda and Tanzania expected to launch the facility soon.
Commenting on the development, Standard Chartered Bank Zambia managing director Andrew Okai said the collaboration with Airtel will enhance the bank’s ability to extend its financial services to a much wider clientele.
“The launch of the Straight2Bank Wallet in Zambia demonstrates Standard Chartered Bank’s commitment to fast, convenient and efficient banking solutions. This collaboration with Airtel will enhance the bank’s ability to extend its world-class financial services to a much wider clientele across the country and help to drive the national priority to widen financial access,” he said.
Airtel Networks Zambia managing director Peter Correia also said the initiative will provide better access to financial services, especially for the unbanked population in Zambia by eliminating obstacles to traditional banking services.

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